FAQ
HOW DO I FRANCHISE IN MY AREA?
Megamind is always looking to open locations in highly populated commercial areas. Check available areas to find out about the new areas or taking over an existing one in your area.
WHY THE CHANGE OF BRAND NAME?
Megamind started offering abacus programs under Megamind Abacus Academy trade name in 2013. However, based on our market research and our continous R&D, we have added a number of programs since then. Megamind was rebranded as Megamind Learning Centre in 2020 to reflect our enhanced course offerings of abacus mental math, tutoring and private high school.
WHAT OPPORTUNITIES ARE AVAILABLE?
Both individual and multi territory opportunities are available
HOW MUCH DOES IT COST?
Initial franchise fees is $25000 plus applicable taxes
WHAT IS THE TURNAROUND?
Typically it takes 2 - 9 months to open a location. The timings depends upon a number of factors such as permits, bylaws and other site requirements.
WHAT ARE THE REQUIREMENTS?
Megamind Abacus Learning Centre prioritizes the success of every child and without the support of like-minded entrepreneurs, we would never have grown, or would we continue to grow, like we have. An investment in Megamind Learning Centre is an investment in the future of thousands of children and can make a world of difference. Franchisee candidates must meet the following qualifications to be considered for a franchise opportunity:
  • Prior teaching background is helpful, but not essential.
  • Minimum $70,000 liquid capital and a minimum net worth of $150,000.
  • Excellent communication and interpersonal skills.
  • Passionate and committed when it comes to educating the children and leading by example.
WHAT ARE THE STEPS IN THE PROCESS?
There are 8 steps in our franchise process:
  • Complete the franchise interest form on our website
  • Initial Meeting and Discovery Session
  • Submit confidential franchise application form
  • Receive franchise disclosure document
  • Obtain franchise approval
  • Search and Finalizing of Location
  • Start Leasehold improvements
  • Training and Grand opening
WHAT IS THE TYPICAL LOCATION SIZE?
A typical Megamind Learning Centre ranges between 1000 and 1250 square feet.
HOW CLOSE ARE OTHER LOCATIONS TO MINE?
All franchisees are provided with a protected territory that is defined by street boundaries and a specific population within those boundaries.
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